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The current algo-read for the majors is screaming USD dominance, with a clear long-bias cluster across all Dollar-led pairs. We’re seeing a high-conviction "Strong Buy" on USDCAD and "Mod Buy" signals across USDCHF and USDJPY, though Yen momentum remains notably weak.
On the flip side, the European majors are under heavy pressure; GBPUSD is the standout short opportunity with a "Strong Sell" recommendation despite moderate intensity, while EURUSD maintains a firm bearish bias. The Antipodeans (AUDUSD and NZDUSD) are attempting to hold a moderate long bias, but given the broader greenback strength across the board, these look like potential "trap" setups compared to the cleaner trend alignment seen in Cable and the Loonie.
By Bill SkrzypczakThe current algo-read for the majors is screaming USD dominance, with a clear long-bias cluster across all Dollar-led pairs. We’re seeing a high-conviction "Strong Buy" on USDCAD and "Mod Buy" signals across USDCHF and USDJPY, though Yen momentum remains notably weak.
On the flip side, the European majors are under heavy pressure; GBPUSD is the standout short opportunity with a "Strong Sell" recommendation despite moderate intensity, while EURUSD maintains a firm bearish bias. The Antipodeans (AUDUSD and NZDUSD) are attempting to hold a moderate long bias, but given the broader greenback strength across the board, these look like potential "trap" setups compared to the cleaner trend alignment seen in Cable and the Loonie.